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What is considered a legal monopoly? Explain restraint of trade. What is the Sherman Anti-Trust Act and how does it relate to the Clayton Act.

  1. What is considered a legal monopoly?
  2. Explain restraint of trade.
  3. What is the Sherman Anti-Trust Act and how does it relate to the Clayton Act.
  4. In your own words define trusts. What does the FTC regulate?
  5. Give an example of something that can be protected under a patent, copyright, or trademark.

Define the following:

  1. Trade Secrets
  2. Economic Espionage Act
  3. Copyright
  4. Trade Mark

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